TIDMPPS
RNS Number : 8223U
Proton Motor Power Systems PLC
28 November 2023
28 November 2023
Proton Motor Power Systems plc
("Proton" or the "Company")
Issue of Equity, Director dealings and Key Person Stock award
scheme
Proton Motor Power Systems plc (AIM: PPS), the designer,
developer and producer of fuel cells and fuel cell electric hybrid
systems with a zero-carbon footprint, announces the issue of new
ordinary shares of 0.5 pence each in the capital of the Company
("Ordinary Shares") pursuant to the Company's share schemes and in
satisfaction of accrued loan interest. In total, 37,176,473 new
Ordinary Shares have been issued at an issue price of 5.50 pence
(the "Issue Price"), being the closing mid-market price of an
Ordinary Share on 27 November 2023.
847,000 new Ordinary Shares have been issued pursuant to the
Company's Key Person Stock Award and Employee share purchase
schemes (the "Scheme Shares") at the Issue Price. Eligible
employees and Directors were invited to subscribe for Scheme Shares
at the Issue Price pursuant to the Company's share schemes, of
which a number elected to participate. 200,000 of the Scheme Shares
have been issued to directors of the Company, as detailed in the
table below.
Resulting holding
--------------------------------
As a percentage
Ordinary of the enlarged Options
Director Scheme Shares Shares held share capital held
Sebastian Goldner 100,000 410,000 0.026% 389,250
Roman Kotlarzewski 100,000 550,000 0.035% 500,000
In addition, 36,329,473 new Ordinary Shares (the "Interest
Shares") have today been issued to Mr. Falih Nahab pursuant to the
loan facility with Mr. Falih Nahab, details of which were most
recently announced by the Company on 20 June 2023 (the "Falih Nahab
Facility"). The Interest Shares have been issued in lieu of cash in
satisfaction of approximately GBP1,998,121 of interest accrued
under the Falih Nahab Facility for the six months ended 30 June
2023. As announced on 20 June 2023, it was envisaged that the
Interest shares would be issued once or twice yearly in February
and/or July of each year, however the Company was not able to issue
the Interest Shares in July 2023 due to being in a closed period at
the time. As the Company is no longer in a closed period, the
Company now considers it appropriate to issue the Interest Shares
in accordance with the terms of the Falih Nahab Facility.
Application for admission to trading and total voting rights
Application has been made for a total of 37,176,473 new Ordinary
Shares to be admitted to trading on AIM, which is expected to take
effect on or around 1 December 2023 ("Admission").
Following Admission, the Company's issued share capital will
comprise 1,591,097,645 Ordinary Shares. The Company does not hold
any Ordinary Shares in treasury. This figure may be used by
shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change to their interest in, the share capital of
the Company under the Financial Conduct Authority's Disclosure
Guidance and Transparency Rules.
Holdings in Company
On Admission, Mr. Falih Nahab will hold 417,357,889 Ordinary
Shares, representing 26.23% of the enlarged issued share capital.
Falih Nahab is also a 28% shareholder in SFN Cleantech Investment
Limited, which holds a further 895,700,056 Ordinary Shares,
representing 56.29% of the enlarged issued share capital following
Admission.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them:
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Sebastian Goldner
-------------------------------- ---------------------------------------
2. Reason for the Notification
-------------------------------------------------------------------------
a) Position/status Chief Technical and Operations Officer
-------------------------------- ---------------------------------------
b) Initial notification/Amendment Initial Notification
-------------------------------- ---------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------
a) Name Proton Motor Power Systems Plc
-------------------------------- ---------------------------------------
b) LEI 213800TRXTSRGG8J2P59
-------------------------------- ---------------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-------------------------------------------------------------------------
a) Description of Ordinary shares of GBP 0.005
the Financial instrument,
type of instrument
-------------------------------- ---------------------------------------
Identification ISIN: GB00BP83GZ24
code
-------------------------------- ---------------------------------------
b) Nature of the transaction Key Person Stock Award scheme
-------------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
5.50 100,000
----------
-------------------------------- ---------------------------------------
d) Aggregated information:
-------------------------------- ---------------------------------------
* Aggregated volume 100,000
------------------------------------- ---------------------------------------
* Price 5.50
------------------------------------- ---------------------------------------
e) Date of the transaction 27 November 2023
-------------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- ---------------------------------------
2. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Roman Kotlarzewski
---------------------------------- --------------------------------
2. Reason for the Notification
--------------------------------------------------------------------
a) Position/status Group Finance Director
---------------------------------- --------------------------------
b) Initial notification/Amendment Initial Notification
---------------------------------- --------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------
a) Name Proton Motor Power Systems Plc
---------------------------------- --------------------------------
b) LEI 213800TRXTSRGG8J2P59
---------------------------------- --------------------------------
4. Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
--------------------------------------------------------------------
a) Description of Ordinary shares of GBP0.005
the Financial
instrument, type
of instrument
---------------------------------- --------------------------------
Identification ISIN: GB00BP83GZ24
code
---------------------------------- --------------------------------
b) Nature of the Key Person Stock Award scheme
transaction
---------------------------------- --------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
5.50 100,000
----------
---------------------------------- --------------------------------
d) Aggregated information:
---------------------------------- --------------------------------
* Aggregated volume 100,000
--------------------------------------- --------------------------------
* Price 5.50
--------------------------------------- --------------------------------
e) Date of the transaction 27 November 2023
---------------------------------- --------------------------------
f) Place of the transaction Outside a trading venue
---------------------------------- --------------------------------
For further information:
Proton Motor Power Systems Plc
Dr Faiz Nahab, CEO
Roman Kotlarzewski, CFO +49 (0) 173 189 0923
Investor relations : www.protonpowersystems.com
investor-relations@proton-motor.de
Allenby Capital Limited
Nominated Adviser & Broker +44 (0) 20 3328 5656
James Reeve / Vivek Bhardwaj
Celicourt Communications
PR Adviser +44 (0) 20 7770 6424
Mark Antelme / Philip Dennis protonmotor@celicourt.uk
About Proton Motor Fuel Cell GmbH
Proton Motor has more than 20 years of experience in Power
Solutions using CleanTech technologies such as hydrogen fuel cells,
fuel cell and hybrid systems with a zero carbon footprint. Based in
Puchheim near Munich, Proton Motor offers complete fuel cell and
hybrid systems from a single source - from the development and
production through the implementation of customized solutions. The
focus of Proton Motor is on back-to-base, for example, for mobile,
marine and stationary solutions applications. The product portfolio
consists of base-fuel cell systems, standard complete systems, as
well as customized systems.
Proton Motor Fuel Cell GmbH is a wholly owned subsidiary of
Proton Motor Power Systems plc. The Company has been quoted on the
AIM market of the London Stock Exchange since October 2006 (code:
PPS).
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END
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November 28, 2023 02:00 ET (07:00 GMT)
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